Transferring payments between departments within the organization

Transferring payments between departments within the organization

Large companies, divided into departments, can benefit from automating processes used to transfer information on payments due and settled. The benefits will be seen mainly by back-office personnel and chief accountants. The entire process can be implemented in SAP, where payment reports are generated for payments that must be posted to the company’s various departments. Each of them is assigned with a code that corresponds to a specific client and a specific recipient within the organization. Such a report is exported to Excel, where individual numerical values are assigned with monetary values for payments to be made. Based on the report, a document or transaction is generated with which it is possible to make a wire transfer. The process consists of three stages, of which the final one (payment) is the least engaging.

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